The Hong Kong Monetary Authority (HKMA) has announced the participants for its stablecoin issuer sandbox program, which begins today, July 18, 2024. The selected institutions are JINGDONG Coinlink Technology Hong Kong Limited, RD InnoTech Limited, Standard Chartered Bank (Hong...
Hong Kong's financial regulators have taken a significant step towards regulating the stablecoin industry by releasing consultation conclusions on a proposed licensing regime for stablecoin issuers. This move is part of the city's broader legislative effort to transform and...
Justice Emeka Nwite of the Federal High Court in Abuja has issued a bench warrant for the arrest of Dr. Abraham Ehizojie, a medical doctor at the Kuje Correctional Centre. The warrant comes after Dr Ehizojie failed to comply...
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has highlighted the uptick in the use of cryptocurrencies and related services for criminal activities in a recent report on money laundering trends. The 2024 AUSTRAC Money Laundering National Risk Assessment...
South Korea's right-wing political party, People Power Party, has introduced a proposal to delay the taxation of cryptocurrency gains by three years. If approved, the tax on crypto gains, initially set to begin in 2025, would be postponed until...
Fox journalist Eleanor Terrett has raised questions about whether the recent actions by the US Securities and Exchange Commission (SEC) signify an acknowledgment of the necessity to relax the famed Staff Accounting Bulletin(SAB) 121's requirements for banks and brokerages. ...
Cryptocurrency derivatives exchange BitMEX has responded to recent claims from the U.S. Department of Justice that it violated the Bank Secrecy Act (BSA)in the country, labelling it as "old news." According to a press release published on July 10,...
According to Coinbase CEO Brian Armstrong, cryptocurrency would usher in a future where the global financial system is more efficient, fair, and accessible. In an interview with the Wall Street Journal earlier this week, Armstrong shared his optimistic vision...
Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called on the newly appointed board members of the Securities and Exchange Commission (SEC) to address the complexities of cryptocurrency regulation in the country. According to...
The Bank of Italy will soon issue guidelines on implementing the European Union's Markets in Crypto-Assets Regulation (MiCA). Governor Fabio Panetta announced this during his address to the Italian Banking Association on July 9, 2024. stating that these guidelines...
